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Diamond Villa, Tanjung Bungah

Diamond Villa is an old and established condominium located in Tanjung Bungah. It is an in-demand condominium as it offers breathtaking views of the sea and the hills, and just minutes away from the city centre. It can be easily spotted standing tall on the hill within the residential area of Tanjung Bungah Park.

Diamond Villa is a freehold condominium consisting of 3 towers. It was completed in 1994 (Block A and B) and 1998 (Block C). There are a total of 156 units including 6 penthouses with built-up sizes ranging from 1,480 sf up to 5,600 sf for the penthouse. A 3-storey clubhouse built houses its recreational facilities including swimming pool, gymnasium, wading pool, sauna, table tennis room and squash court to name a few.

Located in between established tourism spot of Batu Ferringhi and George Town, residents of Diamond Villa can enjoy aplenty amenities meant for vacation and everyday business. Just across the condominium, there is Penang Swimming Club.

Several schools and education institutions are near Diamond Villa, namely SJK © Hun Bin, SK Tanjung Tokong, Dalat International School and College General Catholic Seminary. In addition, it is also mere minutes away from Mount Mirim Cancer Hospital and Fettes Park Baptist Church. For shopping and leisure, it is minutes of driving to Tesco Tanjung Tokong, Island Plaza and Gurney Plaza.

Property Details

  • Name: Diamond Villa
  • Address: 501, Tanjung Bungah, 11200 Penang
  • Completion Date: 1994 (Block A & B) & 1998 (Block C)
  • Type: Condominium
  • Tenure: Freehold
  • No. of Storey
    • Block A: 20
    • Block B: 18
    • Block C: 26
  • No. of Units
    • Typical: 150
    • Penthouse: 6
  • No. of Bedrooms: 3 – 4 + 1
  • No. of Bathrooms: 2 – 6
  • Built-up
    • Typical: From 1,480 sf
    • Penthouse: 5,600 sf
  • Maintenance Fee: RM0.20 psf
  • Subsale Price: RM468 – RM518 psf
  • Rental: RM2,500 - RM7,000

Facilities

  • Multi-storey car park
  • Rock waterfall and cascading fountain
  • Landscaped garden
  • Management office
  • Community hall
  • Games and conference room
  • Swimming pool
  • Gymnasium
  • Sauna
  • Tennis, squash and badminton courts
  • Table tennis room
  • BBQ pit
  • 24-hour security with intercom system & card access

Market Trends

Analysis

Undoubtedly, this hot property Diamond Villa is one of the favorite ones among Penangites (including expatriates residing in Penang). It can be easily rented out to expatriates with fully furnished condition – and the rental rate is good.

Thanks to numerous new developments (which are very modern but cost too much), they have helped Diamond Villa price to escalate further every year. In 2008, a unit was only asked for about RM387 psf (seaview unit), and nowadays its asking price has already fetched over RM500 psf (seaview unit). Isn’t that great?

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